November 27, 2018 – Sears Holdings filed a global bidding procedures process letter outlining terms and guidelines in respect of the submissions of indicative bids for a number of its key business segments [Docket No. 862]. The Debtors’ letter states, “While it is the Company’s preference, all else being equal, to receive a combined bid…

November 21, 2018 – LBI Media filed a motion to obtain debtor-in-possession (“DIP”) financing including in respect of interim borrowings of up to $10 million [Docket No. 12]. The motion states, “The Debtors seek authorization to obtain DIP Financing under a multiple-draw super-priority senior secured term loan facility in an aggregate principal amount not to…

November 26, 2018 – Fairway Energy, LP and 2 affiliated Debtors (collectively, “Fairway” or the “Company”) filed for Chapter 11 protection with the U.S. Bankruptcy Court in the District of Delaware, lead case number 18-12684 [Docket No. 1]. The Company, an independent salt dome crude oil storage business based in Houston, is represented by Edmon…

September 18, 2017 – Oak Point Partners acquired the remnant assets of the RoomStore, Inc. Bankruptcy Estate (RoomStore) in September 2017. On December 12, 2011, RoomStore filed a voluntary chapter 11 petition in the United States Bankruptcy Court for the Eastern District of Virginia, assigned Case No. 11-37790. Thereafter, the case was converted to chapter…

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